Banking and Finance

1. Which of the following terms is used in Banking?a) Epicentre b) Pascal’s Law c) Currencyd) Centre of Gravity e) Latitude

2*. Teaser Rates are related to which of the following types of loans?a) Home Loans b) Personal Loansc) Auto Loans d) Reverse Mortgage Loanse) Crop Loans

3*. Which of the following documents is/are considered as officiallyvalid document to satisfy KYC norms for opening a Bankaccount?A. PassportB. P A NC. Aadhar number issued by Unique Identification Authority of Indiaa) Only (A) b) Only (B) c) Only (A) and (B)d) All (A), (B) and (C) e) Only (B) and (C)

4. Which of the following is NOT a Govt-sponsored organisation?a) Small Industries Development Bank of Indiab) NABARDc) National Housing Bankd) ICICI Banke) All are Govt-sponsored

5*. Fiscal Policy is concerned with which of the following?a) Export and Import b) Public Revenue and Expenditurec) Issue of Currency d) Population Controle) Education for all

6*. Which of the following is the apex institution that handlesrefinance for agriculture and rural development in India?a) RBI b) SIDBI c) NABARDd) SEBI e) None of these

7*. Foreign Exchange Reserves of India are kept in the custody ofwhich of the following?a) International Bank for Reconstruction and Developmentb) International Monetary Fundc) Government Treasuryd) Reserve Bank of Indiae) State Bank of India

8. Which of the following services is NOT provided by the postoffices in India?a) Savings Bank Scheme b) Retailing of Mutual Fundsc) Sale of stamps d) Issuance of Demand Draftse) Life Insurance cover

9. Which of the following is/are the objectives of Free TradeAgreement that India has done with many countries?A. To provide support to entrepreneurs for setting up new projects

in tiny/SSI sectorsB. For undertaking expansion of businessC. To support technology upgradation

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a) Only (A) and (B) b) Only (B) and (C)c) All (A), (B) and (C) d) Only (A) and (C)e) None of these

10. Which of the following organisations issues the rules of globaltrade?a) World Bankb) World Trade Organisatonc) Foreign Exchange Dealers Associationd) Directorate General of Foreign Tradee) None of these

11. One single statement that depicts the financial position of abank and/or business enterprise at a given point of time iscalleda) Statement of product detailsb) Reconciliation Statementc) Balance Sheetd) Quarterly returns submitted to RBIe) Trading and manufacturing account

12*. Banks borrow money from the RBI on which of the followingrates?a) Reverse Repo Rate b) Repo Rate c) SLRd) CRR e) Savings Rate

13*. The Reverse Mortgage scheme is launched to give benefit towhich of the following groups of the society?a) Govt employees b) Senior citizensc) Unemployed youth d) War widowse) None of these

14*. What does the letter ‘M’ depict in the term SME as used in thefinancial world?a) Maximum b) Medium c) Mercantiled) Mutual e) Ministry

15*. One of the major challenges banking industry is facing thesedays is deliberate efforts of some people to bring money earnedthrough illegal activities in circulation. Which of the followingacts has been passed to prevent this activity?a) Payment and Settlements Actb) Banking Regulation Actc) Negotiable Instruments Actd) Narcotics and Psychotropic Substance Acte) Prevention of Money Laundering Act

16*. Which of the following organisations provides guarantee to theexporters?a) Exim Bankb) Export Credit Guarantee Corporationc) Director General Foreign Traded) Reserve Bank of Indiae) Registrar of companies

17. Which of the following terms is not used in banking world?a) Credit b) Ratec) Financial status d) Discounte) Absolute zero

18*. What is the full form of IRR as used in banking/financial sector?

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a) Internal Rate of Returnb) Internal Revaluation Reservec) Investment Reserve Ratiod) Internal Risk Returne) None of the above

19*. Which of the following organisations provides credit historyof the borrowers?a) CIBIL b) ARCIL c) SEBI d) RBI e) CCIL

20. Banks need liquidity to meet which of the following objectivesof banking?A. To meet deposit withdrawalB. To fund loan demandsC. To maintain public confidencea) Only (A) b) Only (B) c) Only (C)d) Only (A) and (B) e) Only (B) and (C)

21. Which of the following groups represent key industries?A. Crude oil and electricityB. Petroleum refining and finished steelC. Cement and coala) Only (A) b) Only (B) c) Only (A) and (B)d) Only (C) e) All (A), (B) and (C)

22. Which of the following is covered in the list of services forservice tax purposes?A. Insurance/health servicesB. Hotel accommodation/air travel servicesC. Money changers/legal servicesa) Only (A) b) Only (B) c) Only (C)d) Both (A) and (C) e) All (A), (B) and (C)

23. Which of the following agencies is providing Unique IdentityCards to all Indian Residents?a) Election Commission of Indiab) Ministry of Foreign Affairsc) Govt of Maharashtrad) Border Security Forcee) None of these

24. Banks make frequent changes in their product profile includingintroduction of new products etc. This is calleda) Product Control b) Product enhancementc) Product marketing d) Product enrichmente) None of these

25*. Banking and financial services all over the world are regulatedusually by the Monetary Authority of the land. Who controlsthis function in India?a) Ministry of Finance b) SEBI c) RBId) IRDA e) FEDAI

26. FIMMDA stands fora) Foreign Investment Markets and Derivatives Market Associationb) Fixed Income Money Markets and Derivatives Associationc) Fixed Income and Money Market Development Associationd) Floating Income and Money Markets Derivative Assetse) None of these

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27*. Which of the following terms is NOT used in banking?a) Debit Card b) Credit Card c) Kisan Cardd) ELISA Test e) None of these

28. Which of the following is the reason owing to whichGovernment charges export duty on some export items?a) To get benefit from high international pricesb) To improve the tax collection targetsc) It is as per the international practices.d) To ensure the smooth availability of the items in Indiae) None of these

29. Which of the following is/are the objective(s) of our monetarypolicy?A. To anchor inflation expectationsB. To actively manage liquidityC. To maintain interest rate regime consistent with price output

and financial stabilitya) Only (A) b) All (A), (B) and (C)c) Both (A) and (C) d) Only (B)e) None of these

30. Which of the following will set up core banking infrastructurefor rural banks?a) SIDBI b) IBA c) RBId) SBI e) NABARD

31*. What is Gross Domestic Product?a) It is the cost of production of all final goods and services made in

the country.b) It is the cost of services made within the borders of a country in a year.c) It is the market value of all final goods and services made in the

country.d) It is the market value of all final goods and services made within

the borders of a country in a year.e) None of these

32. In which of the following States, India’s first Islamic Bank isproposed to be set up?a) Kerala b) Tamil Nadu c) Orissad) Bihar e) None of these

33. Which of the following is NOT used in Economics?a) Demand and Supply b) Ad Valorem Taxc) Break even d) HIV-positivee) Cost-benefit analysis

34*. What is ‘financial inclusion’?A. Easy access to bank accounts for safe parking of savingsB. Availability of cheap credits through appropriately designed loans

for poor and low income households and small entrepreneurC. Availability of basic financial products like insurancea) Only (A) b) Only (B) c) Only (C)d) Both (A) and (B) e) All (A), (B) and (C)

35*. Which of the following terms is used in Economics?a) Keynesian b) Adsorption c) Affinity Matrixd) Gene Flow e) None of these

36*. Which of the following is/are key policy rates used by RBI toinfluence interest rates?

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A. Bank Rate and Repo RateB. Reverse Repo RateC. CRR and SLRa) Only (A) b) Only (B)c) All (A), (B) and (C) d) Only (C)e) Both (A) and (C)

37. Which of the following rates signals the RBI’s long-term outlookon interest rates?a) Repo Rate b) Reverse Repo Ratec) Bank Rate d) SLRe) CRR

38*. What do you understand by ‘Para Banking’ services?a) Eligible financial services rendered by banksb) Utility services provided by banksc) Services provided through business correspondentsd) Services provided to armed force personnele) None of these

39. What is Cross Border Exchange?a) Trading of foreign currency in Indiab) Trading of Indian rupee in exchange of other currencies/goodsc) Hawala transactions in Indian rupeed) Unauthorized remittance of Indian rupeee) None of these

40. Which of the following is the objective of Financial Stabilityand Development Council?a) To address inter-regulatory issues onlyb) To focus on financial literacy onlyc) To focus on financial inclusion onlyd) Both (a) and (b)e) All (a), (b) and (c)

41*. Expand the term SWIFT.a) Society for Worldwide International Financial Telecommunica-

tionsb) Society for Worldwide Interbank Financial Telecommunicationsc) Society for Worldwide International Financial Transfersd) Society for Worldwide Interbank Fiscale) None of these

42. Which of the following terms is NOT used in the Banking world?a) Holding Company b) Postdated cheque c) Creditd) Time deposit e) Centripetal force

43. Loans of small or very small amounts given to low-income-group people are known asa) Investment Loans b) Micro Credit c) Saving loansd) Secured loans e) Cash credit loans

44. Which of the following is the Central Bank of USA?a) Federation of Banks, USA b) Citigroup, USAc) Bank of America d) Central Bank of USAe) Federal Reserve

45. The activity of purchasing shares of various companies is calleda) Online Trading b) Share Tradingc) Real estate investment d) Corporate Tradinge) None of these

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46. Telecom Sector is considered asa) Priority sector b) Non-priority sectorc) Infrastructural sector d) Sector with special statuse) Core-Energy sector

47. The Economic Survey is compiled by thea) Ministry of Home Affairsb) Ministry of Financec) Ministry of Rural Developmentd) Central Board of Direct Taxese) Central Statistical Organisation

48*. Who amongst the following was the Head of the committee whichgave its recom-mendations on the modalities for Capital AccountConvertibility?a) Dr Rakesh Mohan b) Dr C Rangarajan c) SS Tarapored) KJ Udeshi e) None of these

49. The base year for Consumer Index has now been revised from 1982toa) 1990 b) 1991 c) 1996 d) 1998 e) 2001

50. Deflation refers to ———.a) general decline in prices of various commodities and servicesb) price decline in specific sectorsc) price decline in specific commoditiesd) sharp and sudden decline in foreign exchange reservese) None of these

51*. Which of the following agencies in India is responsible forcomputation of national income?a) NCAER b) CSO c) NSSd) RBI e) SBI

52*. The Agriculture Insurance Company was launched with the helpofa) RBI b) SIDBI c) NABARDd) ECGC e) IDBI

53*. Which of the following is the full form of KCC as used in theagriculture sector?a) Kisan Credit Cardb) Kisan Credit Companyc) Knowledge Credit Corporationd) Konkan Credit Corporatione) None of these

54. In respect of which one of the following areas, YH MalegamCommittee has submitted its recommendations?a) Interest on Micro-Finance Loansb) Teaser loansc) Rural developmentd) Advances to agriculturee) None of these

55. Which of the following organisations/agencies is activelyinvolved in drafting the Union Budget of India?a) The Planning Commissionb) The Comptroller and Auditor Generalc) Administrative staff of the Lok Sabhad) Ministry of Financee) Ministry of Rural Development

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56. Which of the following is/are the Non-Tax Revenue componentsof the Union Budget of India?A. Custom DutiesB. Interest ReceiptsC. Dividend and Profitsa) Only (A) and (B) b) Only (B) c) Only (B) and (C)d) Only (C) e) All (A), (B) and (C)

57. The investments done by “Those financial entities which werelaunched or incorporated in a foreign country but are investingin an Indian venture in India” are generally known asa) Patent Moneyb) Private Equityc) Foreign Institutional Investmentd) Current Account Moneye) None of these

58. Which of the following is NOT a component of India’s SecuritiesMarket?a) Commodity Futuresb) Small Savings in National Saving Certificatesc) Government Bondsd) Corporate Equitye) Derivatives on currency

59. Which of the following is/was NOT included in the agenda setfor the Banking Reforms in India?a) Dismantling of administered interest ratesb) Measures to strengthen risk managementc) Promulgation of SARFAESI Actd) Promotion of the concept of easy credit to all with a guaranteed

subsidy from the Govte) Granting of operational autonomy to public sector banks and

allowing them to raise capital from the open market60. In which of the following fora has it been decided that all

countries will try to reduce emission to prevent further increasein global temperature?a) Major Economics Forumb) World Trade Organisationc) SAARC Summitd) BRICS Summite) None of these

61. Which of the following was/were the objectives of theCompetition Act 2002?A. To keep a check on unfair trade practicesB. To promote Govt-supported products/services in competition with

those launched by private partiesC. To control the activities of the stock markets in India which are

considered highly volatilea) Only (A) and (B) b) Only (B) c) All (A) and (B)d) All (A), (B) and (C) e) None of these

62. Who among the following cannot open ‘No Frill Account’ in abank?a) Agricultural labourer b) Studentc) A small firm selling white goods d) Farmere) A labourer in unorganised sector

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63. Which of the following Acts has specially been enacted to helpbanks deal with bad loans?a) Negotiable Instrument Act b) Banking Regulation Actc) Offshore Banking Act d) Companies Acte) SARFAESI Act

64*. Which of the following organisations is created specially forproviding credit to small and medium enterprises in India?a) NABARD b) SIDBI c) ECGCd) AMFI e) None of these

65*. What is the full form of ‘NBFC’ as used in the financial sector?a) New Banking Finance Corporationb) Non-Banking Finance Companyc) New Business Formation Companyd) Net Banking and Finance Cooperativee) None of these

66. Which of the following terms is NOT used in the field ofBanking/Finance?a) Goods and Services b) Refundc) Tax Deducted at Source d) Fundamental duties of a citizene) Relief to exporters

67*. What does the letter ‘V’ denote in the term ‘VAT’ as used inbanking?a) Valuable b) Various c) Vendor d) Very e) Value

68. Which of the following is called the World Bank?a) International Monetary Fundb) Asian Development Bankc) World Trade Organisationd) International Reconstruction and Development Banke) None of these

69. We frequently read about ‘MFI’ in newspapers. What is the fullform of this term, which is used in financial sector?a) Micro-Finance Institutions b) Micro-Functional Issuesc) Mutual Funds in India d) Monetary Forum of Indiae) Monetary and Financial Institutes

70*. Micro credit or micro-finance is a novel approach to bankingwith the poor. In this approach, bank credit is extended to thepoor througha) Self-Help Groups b) Anganwadic) Cooperative Credit Societies d) RBIe) None of these

71*. TRAI regulates the functioning of which of the followingservices?a) Port b) Trade c) Telecomd) Transport e) None of these

72. Many times we read about ‘Hawala’ transactions in newspapers.Hawala, in India, is prohibited under the provision of which ofthe following Acts?a) Fiscal Responsibility and Budget Management Actb) Banking Regulation Actc) Financial Action Task Force Actd) Foreign Exchange Management Acte) None of these

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73. Which of the following is the popular name of the norms bywhich a bank satisfies itself about the customer’s identity andactivities?a) Basel norms b) KYC norms c) Service normsd) Lending norms e) None of these

74*. Mutual funds are regulated bya) Association of Mutual Funds of India (AMFI)b) Securities and Exchange Board of India (SEBI)c) Reserve Bank of Indiad) IRDAe) None of these

75*. Bancassurance isa) an insurance scheme to insure bank depositsb) an insurance scheme exclusively for the employees of banksc) a composite financial service offering both banking and insurance

productsd) a bank deposit scheme exclusively for employees of insurance

companiese) None of these

76. Which of the following bills presented in the Parliament willbring some changes in the existing tax regime?a) Direct Taxes Code (DTC) Billb) Foreign Exchange Management Regulatory Billc) Companies Act Billd) Salaries and Perks for MPs Bille) None of these

77*. The full form of PIN in the parlance of an ATM card isa) Permanent Information Numberb) Personal Identification Numberc) Professional Identification Numberd) Permanent Identification Numbere) Personal Index Number

78. Which of the following is not a function of the RBI ?a) Maintaining Forexb) Deciding Bank Rate, CRR and SLR from time to timec) Opening Savings Accounts for general publicd) Prescribing the Capital Adequacy Ratioe) Currency Management

79. Obligation of a banker to maintain secrecy is applicable toa) only in case of existing deposit accountsb) only in case of existing loan accountsc) only in case of closed accountsd) in all types of deposit/loan accounts (existing/closed)e) None of these

80. Banks, today, in addition to normal banking services, offer whichof the following services?a) Internet Bankingb) Depository Servicesc) Financial Counselling Servicesd) Only (a) and (b) abovee) All (a), (b) and (c) above

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81. Which of the following cannot be called an anti-inflationarymeasure?a) Raising the Bank Ratesb) Raising the Reserve Ratio Requirementsc) Purchasing securities in the Open Marketsd) Rationing of the Credite) None of these

82. Which of the following is the major marine food export item ofIndia?a) Frozen Fish b) Frozen Shrimp c) Frozen Crabd) Cephalopod e) None of these

83*. In context of business and banking, what is CRAR?a) Capital to Risk (Weighted) Asset Ratiob) Credit to Risk Asset Ratioc) Credit to Risk Assessment Ratiod) Capital to Risk Assessment Ratee) Credit Rate Assessment Ratio

84. The monetary authority in India, viz Reserve Bank of India, isbound to maintain a reserve against the notes issued, whatevermay be the amount. This system is called asa) Minimum Reserve Systemb) Proportional Reserve Systemc) Maximum Fiduciary Issue Systemd) Simple Deposit Systeme) None of these

85*. Consider the following:(A) Bank Rate Policy(B) Open Market Operations(C) Devaluation of RupeeWhich of the above are called fiscal measures?a) Only (A) b) Both (A) and (B)c) Both (A) and (C) d) Only (C)e) None of these

86. Interest rates on which of the following deposit schemes isfixed by the Reserve Bank of India?a) Fixed deposits above five years’ maturityb) Recurring depositsc) Savings bankd) Flexi Deposit schemee) None of these

87. Which of the following policies is known as Annual PolicyStatement?a) Annual budget of Central Govtb) Credit and monetary policy of RBIc) Foreign trade policy of DGFTd) Regulations issued by SEBIe) None of these

88. Govt shareholding in public sector banks cannot be belowa) 33% b) 51% c) 74% d) 76% e) 100%

89. As we all know, Govt of India collects tax revenue on variousactivities in the country. Which of the following is a part ofthe tax revenue of the Govt?

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A. Tax on IncomeB. Tax on ExpenditureC. Tax on Property or Capital AssetD. Tax on Goods and Servicesa) Both (A) and (C) only b) Both (B) and (D) onlyc) All (A), (B), (C) and (D) d) Only (B), (C) and (D)e) None of these

90*. Which of the following Acts was framed specially to deal moreeffectively with the problem of Non-Performing Assets in bankingsystem?a) Companies Actb) Banking Regulation Actc) Foreign Exchange Management Actd) Industrial Dispute Acte) SARFAESI Act

91. Very often we read in newspapers/magazines about ‘SovereignWealth Funds’. Which of the following is/are the correctdescription of the same?A. These are the funds or the reserves of a government or central

bank of a country which are invested further to earn profitablereturns.

B. These are the funds which were accumulated by some peopleover the years but were not put in active circulation as theyretain them as black money for several years.

C. The funds which are created to be used as relief funds or bailoutpackages.

a) Both (B) and (C) only b) Only (B) c) Only (C)d) Only (A) e) None of these

92*. Credit Ratinga) is used to rate the borrowers while giving advances.b) is used to work out performance of the employees.c) is used to calculate the number of excellent audit-rated branches.d) is not used in any bank.e) is necessary before giving promotion to employees.

93. The names of which of the following rates/ratios cannot beseen in financial newspapers?a) Bank Rate b) Repo Ratec) Statutory Liquidity Ratio d) Cash Reserve Ratioe) Pulse Rate

94. Invisible Export means export ofa) Perishable goods b) Prohibited goodsc) Unrecorded goods d) Goods through smugglinge) Services

95. Ten-rupee notes contain the signature ofa) Finance Secretary, GOIb) Chairman, State Bank of Indiac) Governor, Reserve Bank of Indiad) Finance Minister, GOIe) Prime Minister

96. In Banking terminology, NPA meansa) No-Promise Account b) Non-Personal Accountc) Non-Performing Asset d) Net Performing Assete) New Promising Ambience

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97. Govt of India has launched special Green Revolution project forwhich of the following states/group of states?a) North-East states b) Bihar and Jharkhandc) West Bengal d) Tamil Nadu and Keralae) None of these

98. Which of the following sector(s) make(s) maximum contributionto the national income of india?a) Services b) Agriculturec) Industry d) Both Agriculture and Industrye) None of these

99*. Which of the following is not a part of the scheduled bankingstructure in India?a) State Co-operative Banks b) Public Sector Banksc) Private Sector Banks d) Regional Rural Bankse) Moneylenders

100*. Which of the following is known as Plastic Money?A. Demand DraftB. Credit CardC. Debit Carda) Only (A) b) Only (B) c) Only (C)d) Both (B) and (C) e) All (A), (B) and (C)

101. Which of the following terms is used in the field of Financeand Banking?a) Gauge pressure b) Quantum numberc) Adjustment credit d) Absolute zeroe) Single bond

102. Goods and Services Tax (GST) would replace which of thefollowing taxes levied at present?a) Income tax b) Corporate taxc) Capital gains tax d) Value added tax (VAT)e) All of these

103*. IFRS stands fora) International Financial Reporting Standardsb) Indian Financial Rating Standardsc) International Financial Rating Standardsd) Indian Functional Reporting Standardse) None of these

104. KYC guidelines followed by the banks have been framed on therecommendations of thea) Ministry of Home Affairs b) Ministry of Rural Developmentc) Indian Banks Association d) Financial Intelligence Unite) Reserve Bank of India

105*. Bridge loans refer toa) Loans granted to construction companies for construction of

bridgesb) Loan granted to PWD for construction of bridges over riversc) Interim finance allowed by banks to their customers, pending

disbursement of term loans by financial institutionsd) Loan granted to Railway for construction of bridgese) None of these

106. On which one of the following issues has IMF supportedmonetary policy of India?

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a) Introduction of GSTb) Stimulus for agriculture sectorc) Concessions for foreign investmentd) Tightening of monetary policye) None of these

107*. In the term STRIPS, the first letter ‘S’ denotesa) Single b) Small c) Speciald) Savings e) Separate

108*. When the loan is granted for purchase of white goods, it is calleda) Consumption loan b) White goods loanc) Consumer durable loan d) Business loane) Proprietary loan

109*. Structure of Basel II is based on how many pillars?a) Two b) Ten c) Four d) Five e) Three

110*. Expand the term FRBM.a) Financial Responsibility and Business Managementb) Fiscal Responsibility and Business Managementc) Financial Responsibility and Budget Managementd) Fiscal Responsibility and Budget Managemente) Formal Responsibility and Business Management

111. Which of the following organisations/agencies has establisheda fund known as Investor Protection Fund?a) RBI b) SIDBIc) Bombay Stock Exchange d) Ministry of Financee) Ministry of Commerce and Industry

112. Which of the following terms is used in the field of Banking?a) MRI b) Refractionc) Depository Receipt d) Neutralisatione) Atomic Number

113. Reverse Repo is a tool used by RBI toa) Inject liquidityb) Absorb liquidityc) Increase the liquidity with banking systemd) To keep the liquidity at one levele) None of these

114*. Many times we read a term CBS used in banking operations.What is the full form of the letter ‘C’ in the term ‘CBS’?a) Complete b) Credit c) Continuousd) Core e) None of these

115*. GNP stands fora) Gross National Product b) Group Net Productc) Grand Nuclear Process d) Group Networking Processe) None of these

116*. SEBI is a/na) Advisory body b) Statutory bodyc) Constitutional body d) Non-statutory bodye) Registered as a society

117. Mixed Economy meansa) Co-existence of small and large industriesb) Promoting both agriculture and industries in the economyc) Co-existence of public and private sectorsd) Co-existence of the rich and the poore) Existence of wholesale and retail markets

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118*. The expansion for BIFR, in the context of the Indian industry,i sa) Board for Investment and Financial Redevelopmentb) Bureau for Industrial and Financial Revolutionc) Board for Investment and Formal Reconstructiond) Board for Industrial and Financial Reconstructione) Bureau for Investment and Financial Reconstruction

119. Who amongst the following is NOT a famous economist?a) Amartya Sen b) Octavio Pazc) Muhammad Yunus d) Peter A Diamonde) Dale I Mortensen

120. Which of the following is not a measure adopted by theGovernment or RBI to control inflation?a) Monetary Policy b) Fiscal Policyc) Public Distribution System d) Price Controle) Financial Inclusion

121. The main function of the IMF isa) to help solve balance-of-payments problems of member countriesb) to arrange international deposits from banksc) to act as private sector lending arm of the World Bankd) to finance investment loans to developing countriese) None of these

122. As per notification issued by RBI, circulation of which of thefollowing coins shall be ceased wef 29th June, 2011?a) `1 b) 50 paise c) 25 paised) Both (b) and (c) above e) None of these

123. Which of the following bodies promoted Securities TradingCorporation of India Limited (STCI) jointly with the Public SectorBanks?a) Securities Exchange Board of Indiab) ICICI Ltdc) IDBI Ltdd) Reserve Bank of Indiae) IRDA

124*. Which of the following is the most active segment of the moneymarket in India?a) Call Money/Notice Money Marketb) Repo/Reverse Repoc) Commercial Paper (CP)d) Certificate of Deposit (CD)e) None of these

125*. Which of the following schemes is related exclusively toFinancial Inclusion?a) Swawalamban b) Swadeshi c) Swabhimand) SGSY e) None of these

126*. Consider the following.A. Deposit ratesB. Base RateC. Prime Lending RateWhich of the above are decided by the Reserve Bank of India?a) Only (A) b) Only (B) c) Only (C)d) Both (B) and (C) e) None of these

127. Which of the following is the biggest borrower in India?

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a) Indian Government b) Reserve Bank of Indiac) Indian Railways d) State Governmentse) Public Sector Undertakings

128. Which of the following would result in a fall in asset prices?a) Low liquidity in the economyb) High liquidity in the economyc) RBI increasing the Reverse Repo Ratesd) RBI allowing more banks to playe) None of these

129. Which of the following organisations/agencies works solely tomonitor and arrange flow of agriculture credit in India?a) NABARD b) SIDBI c) RBId) SEBI e) None of these

130*. Insurance companies in India are regulated bya) AMFI b) IRDA c) SEBId) RBI e) NABARD

131*. The currency notes of which of the following denominationsare not printed in India?a) `5 b) `10 c) `50 d) `2,500 e) `1,000

132. Union Budget, which is presented every year in the parliament,is also known asa) General Budget b) Common Budgetc) Annual Budget d) Finance Report of the Yeare) Statement of Allocation of Funds

133. Which of the following is not the name of a bank functioningin India?a) Central Bank of India b) UCO Bank c) Aegon Religared) Dena Bank e) ICICI Bank

134*. When banks accept a fixed sum of money from an individual fora definite term and pay on maturity with interest, the depositis known asa) Term deposit b) Demand deposit c) Bondd) Mortgage e) Advance

135. Which of the following terms is NOT used in Banking/Finance-related matters?a) Discount Rate b) Letter of Creditc) Cheque Clearing d) General Ledgere) Law of Motion

136. Which of the following is NOT a part of the Ministry of Finance?a) Department of Financial Servicesb) Department of Expenditurec) Department of Revenued) Department of Disinvestmente) Department of Resource Planning

137. Which of the following is a leading electronic-paymenttechnology firm ? (The logo of the firm can be seen printed oncredit cards/ATM centres etc.)a) Visa b) Max c) BSEd) Sensex e) SWAP

138. ‘Global Market’ means market ofa) USA b) Chinac) OPEC members d) European Union Countriese) All major countries and their alliances

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139. What is the full form of ‘CRR’ as used in banking sector?a) Crucial Reserve Rate b) Cash Reserve Ratioc) Compulsory Return Rate d) Credit and Reserve Ratioe) None of these

140*. What is the full form of LAF, as used in banking world veryfrequently?a) Liquid Advances Financeb) Liquidity Adjustment Facilityc) Legal Adjournment Formalityd) Local Advance Financee) Late Arrival of Finance

141. Where is the headquarters of the International Monetary Fund(IMF)?a) Geneva b) Paris c) Londond) Manila e) Washington DC

142*. As per newspaper reports, ANZ was given licence to open abranch in Mumbai. ANZ is a bank based ina) Australia b) Argentina c) Afghanistand) Angola e) Austria

143*. Whenever somebody needs foreign currency against Indian Rupee,banks give equivalent amount of desired currency based onprevalenta) bank rate b) currency rate c) policy rated) exchange rate e) base rate

144. Foreign currencies are represented in various abbreviations.What is meant by USD?a) US Dollarb) UAE Dinarc) Unit of Cunency of Denmarkd) Ukrainian Soviet Dollare) None of these

145*. Many Regional Rural Banks are given licence to open branchesin small cities and towns. These licences are given bya) Cabinet Committee on economic affairsb) Reserve Bank of Indiac) NABARDd) Indian Banks’ Associatione) None of these

146. Which of the following organisations/agencies is not associatedwith the world of Banking and Finance?a) SEBI b) AMFI c) RBId) ECGC e) SPCA

147*. Banks recover term loan from the parties in EMIs. What doesthe letter ‘E’ represent in the term?a) Easy b) Effective c) Equatedd) Essential e) Economical

148*. Which of the following is not a scheduled Commercial Bank?a) IDBI Bank b) Axis Bank c) HDFC Bankd) NABARD e) Kotak Mahindra Bank

149*. POSCO is a company which manufacturesa) Cement b) Pharma products c) Sugard) Textiles e) Steel

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150*. The financial results of banks and other organisations normallyare expressed in quarters. What does Q-1 mean?a) Results of January-Marchb) Performance during April-Junec) Profits during July-Septemberd) The period when the profits are higheste) None of these

151. Which of the following certainly is an effort in the direction ofFinancial Inclusion?a) Internet Bankingb) Anywhere Bankingc) No-frills Accountsd) Foreign Currency Accountse) All of these

152. Who amongst the following Padma Bhushan awardees is a famousbanker?a) Azim H Premji b) Kapila Vatsyayan c) Chanda Kochard) Waheeda Rehman e) Brajesh Mishra

153*. What does the letter P denote in the term ‘PAN’, which is issuedby the Income Tax Department?a) Provisional b) Private c) Personald) Permanent e) Postal

154*. How many banks were nationalised in July 1969 when the firstnationalisation took place?a) 5 b) 8 c) 10d) 14 e) None of these

155*. The head office of the Unique Identification Authority of Indiais located ina) Bangalore b) Mumbai c) New Delhid) Chennai e) Hyderabad

156. Which of the following is called the Bankers’ Bank in India?a) State Bank of India b) Central Bank of Indiac) NABARD d) Reserve Bank of Indiae) None of these

157. As we know, a lot of new concepts are being used in the field ofbanking these days. Which of the following is NOT one suchconcept/product directly associated with banks?a) F-payment b) SMS Alertc) ATM/Debit Card d) Demat Accounte) Number Portability

158. Which of the following is NOT a Nation-alised Bank?a) Union Bank of lndia b) Central Bank of Indiac) Yes Bank d) Syndicate Banke) Indian Bank

159. Who amongst the following cannot open an account in any bankin India?a) One who is not earning regularlyb) A housewifec) A student of 10th Standardd) A farmer who owns a small piece of lande) An individual who is well-to-do but his source of income is not

known

K KUNDAN

160. A major Public Sector Bank raised interest rates on loans by 25basis points. This means the bank has raised interest by 25 basispoints ofa) Savings Bank Interest Rate b) Base Lending Ratec) Repo Rates d) Present Rates on Depositse) Discounted Rates of Interest

161. The Finance Minister of India in one of his press conferencessaid that inflationary pressure is likely to continue followingrecent increase in rates of some commodities in internationalmarkets. Which of the following commodities was he referringto as it gets frequent increase at international levels and disturbsour Home Economy substantially ?a) Gold and Silver b) Petroleum productsc) Tea and Coffee d) Sugare) Jute and Jute products

162. Immediately prior to change in the measure of Food Inflation,which of the following indexes was being used for measuring it?a) Wholesale Price Indexb) Consumer Price Indexc) Interest Rates offered by banks on depositsd) Sensex and Niftye) None of these

163. What is the full form of ‘FINO’, a term we see frequently infinancial news-papers?a) Financial Investment Network and Operationsb) Farmers’ Investment in National Organisationc) Farmers Inclusion News and Operationsd) Financial Inclusion Network and Operationse) None of these

164. Which of the following is/are commodity/ies on which subsidyis given to farmers/poor in India?A. FertilizerB. KeroseneC. LPGa) Only (A) b) Only (B) c) Only (C)d) Only (A) and (C) e) All (A), (B) and (C)

165*. What does the letter ‘L’ denote in the term ‘LAF’ as referredevery now and then in relation to monetary policy of the RBI?a) Liquidity b) Liability c) Leveragedd) Longitudinal e) Linear

166. Banks and other financial institutions in India are required tomaintain a certain amount of liquid assets like cash, preciousmetals and other short-term securities as a reserve all the time.In Banking World this is known asa) CRR b) Fixed Asset c) SLRd) PLR e) None of these

167. Which of the following statements is true?a) Banks cannot accept demand and time deposits from public.b) Banks can accept only demand deposits from public.c) Banks can accept only time deposits from public.d) Banks can accept both demand and time deposits from public.e) Banks can accept demand and time deposits only from

government.

K KUNDAN

168. Interest payable on savings bank accounts isa) not regulated by RBI.b) regulated by State Governments.c) regulated by Central Government.d) regulated by RBI.e) regulated by Finance minister.

169. Which of the following is a correct statement?a) State Bank of India is the sole authority to issue and manage

currency in India.b) A nationalised bank is the sole authority to issue and manage

currency in India.c) A cooperative bank is the sole authority to issue and manage

currency in India.d) RBI is the sole authority to issue and manage currency in India.e) None of these

170. Accounts are allowed to be operated by cheques in respect ofa) Both savings bank accounts and fixed deposit accountsb) Savings bank accounts and current accountsc) Both savings bank accounts and loan accountsd) Both savings bank accounts and cash accounts onlye) Both current accounts and fixed deposit accounts

171*. Which of the following is a correct statement?a) Normally no interest is paid on current deposit accounts.b) Interest is paid on current accounts at the same rate as term

deposit accounts.c) The rate of interest on current account and savings account are

the same.d) No interest is paid on any deposit by the bank.e) Savings deposits are the same as current deposits.

172*. The usual deposit accounts of banks area) Current accounts, electricity accounts and insurance premium

accountsb) Current accounts, post office savings bank accounts and term

deposit accountsc) Loan accounts, savings bank accounts and term deposit accountsd) Current accounts, savings bank accounts and term deposit

accountse) Current bill accounts and term deposit accounts

173. Fixed deposits and recurring deposits area) repayable after an agreed period.b) repayable on demand.c) not repayable.d) repayable after death of depositors.e) repayable on demand or after an agreed period as per bank’s

choice.174. Financial inclusion means provision of

a) financial services, namely, payments, remittances, savings, loansand insurance at affordable cost to persons not yet given thesame.

b) ration at affordable cost to persons not yet given the same.c) house at affordable cost to persons not yet given the same.d) food at affordable cost to persons not yet given the same.e) education at affordable cost to persons not yet given the same.

K KUNDAN

175. Which of the following is known as cross-selling by Banks?A. Sale of a debit card to a credit card holderB. Sale of Insurance policy to a depositorC. Issuance of cash against cheque presented by a third partya) Only (A) b) Only (B) c) Only (C)d) Both (A) and (C) e) All (A), (B ) and (C)

176. Which of the following states became the first state in thecountry to launch RBI’s e-payment system for commercial taxpayers?a) Andhra Pradesh b) Kerala c) Gujaratd) Maharashtra e) Karnataka

177. When a bank returns a cheque unpaid, it is calleda) payment of the chequeb) drawing of the chequec) cancelling of the chequed) dishonor of the chequee) taking of the cheque

178. Mortgage is aa) security on movable property for a loan given by a bank.b) security on immovable property for a loan given by a bank.c) concession on immovable property for a loan given by a bank.d) facility on immovable property for a loan given by a bank.e) security on immovable property for a deposit received by a bank.

179. Which of the following types of accounts are known as ‘DematAccounts’?a) Accounts which are Zero Balance Accountsb) Accounts which are opened to facilitate repayment of a loan taken

from the bank. No other business can be conducted from there.c) Accounts in which shares of various companies are traded in

electronic formd) Accounts which are operated through internet banking facilitye) None of these

180. Who is the chairman of the committee constituted by RBI tostudy Issues and Concerns in the Micro Finance Institutions(MFI) Sector?a) YH Malegam b) Dr KC Chakraborty c) C Rangrajand) M Damodaran e) Smt Usha Thorat

181*. Upper limit prescribed for RTGS transaction isa) `1 lac b) `2 lacs c) `5 lacsd) `50 lacs e) No upper limit is prescribed

182. Distribution of insurance products and insurance policies bybanks as corporate agents is known asa) General Insurance b) Non-life insurancec) Bancassurance d) Insurance bankinge) Deposit insurance

183*. In order to attract more foreign exchange the Govt of India decidedto allow foreign investment in LLP firms. What is full form of“LLP” as used in this reference?a) Local Labour Promotionb) Low Labour Projectsc) Limited Loan Partnershipd) Longer Liability Partnershipe) Limited Liability Partnership

K KUNDAN

184*. NEFT meansa) National Electronic Funds Transfer systemb) Negotiated Efficient Fund Transfer Systemc) National Efficient Fund Transfer Solutiond) Non Effective Fund Transfer Systeme) Negotiated Electronic Foreign Transfer system

185. When the rate of inflation increasesa) purchasing power of money increasesb) purchasing power of money decreasesc) value of money increasesd) purchasing power of money remains unaffectede) amount of money in circulation decreases

186. POSCO is in the process of establishing its plants in India.What does the letter ‘P’ denote in the name POSCO?a) Popular b) Pallin c) Pohangd) Paradeep e) Peterburg

187*. Interest on savings bank account is now calculated by banks ona) minimum balance during the monthb) minimum balance from 7th to last day of the monthc) minimum balance from 10th to last day of the monthd) maximum balance during the monthe) daily product basis

188*. Which of the following is not considered a money marketinstrument?a) Treasury bills b) Repurchase Agreementc) Commercial Paper d) Certificate of Deposite) Shares and bonds

189. With a view to facilitating payment of balance in the depositaccount to the person named by the depositor without anyhassles in the event of death of the account holder, the followingfacility was introduced for bank accounts in our country:a) Will b) Registration c) Nominationd) Indemnity e) Guarantee

190. Banks in our country normally publicise that additional interestrate is allowed on retail domestic term deposits ofa) Minors b) Married women c) Senior citizensd) Govt employees e) Rural residents

191. Largest shareholder (in percentage shareholding) of a nationalisedbank isa) RBI b) NABARD c) LICId) Govt of India e) IBA

192. The RBI has asked banks to spell out their policy, proceduresand size of the business on which of the following aspects ofbanking?a) On-shore bankingb) Off-shore bankingc) Investments in secondary marketd) Wealth managemente) None of these

193*. Who amongst the following has asked banks to adopt ‘six step’approach to prevent diversion of funds by the companies?a) Company Registrar b) SEBI c) RBId) AMFI e) All of these

K KUNDAN

194*. Through which of the following sources domestic funds areraised by companies?A. IPOB. FPOC. Commercial papersa) Only (C) b) All (A), (B) and (C) c) Only (A) and (C)d) Only (A) e) Only (A) and (B)

195. Which of the following was the reason owing to which Govtwants Reserve Bank of India to tighten prudential norms forNBFCs?a) To reduce liquidity in the marketb) It is as per Basel II requirements.c) It is as per Bank for International Settlement (BIS) directives.d) It is to protect NBFCs from any impact of possible economic

slowdown.e) None of these

196. For which of the following reasons are Basel-II norms to befollowed by Commercial Banks?a) Risk managementb) Adoption of international accounting standardsc) Restriction on bonus payments to bank executivesd) Transparency in disclosurese) None of these

197. Which one of the following will set up core bankinginfrastructure for rural banks?a) RBI b) NABARD c) SIDBId) ISA e) None of these

198. On which of the following issues can SEBI penalise any companyin India?A. Violation of Banking Regulation ActB. Violation of foreign portfolio investment guidelinesC. Violation of Negotiable Instrument Acta) Only (A) b) All (A), (B) and (C)c) Only (A) and (B) d) Only (B) and (C)e) Only (B)

199*. Which of the following terms is used in Banking Field ?a) Interest Rate Swap b) Input Devices c) Sedimentaryd) Zero Hour e) Privilege Motion

200*. Expand the term ALM as used in Banking/Finance sector.a) Asset Liability Mismatchb) Asset Liability Maturityc) Asset Liability Managementd) Asset Liability Manpowere) None of these

201. What are teaser loan rates charged by banks?a) Fixed rate of interest charged by banksb) Floating rate of interest charged by banksc) Rate of interest in the init ial period is less and goes up

subsequently.d) Rate of interest in the initial period is more and it goes down

subsequently.e) None of these

K KUNDAN

202. Expand the term CCEA as used in administrative circles.a) Cabinet Committee on External Affairsb) Cabinet Committee on Economic Affairsc) Cabinet Council on External Affairsd) Cabinet Council on Economic Affairse) None of these

203*. What is the full form of the term LIBOR as used in financial/banking sector?a) Local Indian Bank Offered Rateb) London-India Bureau of Regulationsc) Liberal International Bank Official Ratiod) London Inter Bank Offered Ratee) None of these

204*. Expand the term FSDC, which is used in financial sector.a) Financial Security and Development Councilb) Financial Stability and Development Councilc) Fiscal Security and Development Councild) Fiscal Stability and Development Councile) None of these

205. The Govt of India and RBI are making all the efforts to providebanking facilities to all the villages/habitations in the county.This is the part of their policy ofa) PURAb) Financial Inclusionc) Swawalamband) Pradhan Mantri Adarsh Gram Yojanae) None of these

206. Which of the following is NOT a Private Bank in India?a) Yes Bank b) HDFC Bank c) Axis Bankd) Kotak Mahindra Bank e) IDBI Bank

207. Which of the following is/are NOT the functions of a bank?A. Accepting deposits from the publicB. Grant of loans and advancesC. Providing finance to all those who cannot earn enough to survivea) Only (A) b) Only (B) c) Only (C)d) All (A), (B) and (C) e) Only (B) and (C)

208*. What does the letter ‘F’ denote in the abbreviated name ‘IIFCL’?a) Functional b) Foreign c) Forwardedd) Finance e) None of these

209. Which of the following taxes/cess is levied by States in India?a) Tax on motor vehicles b) Educational cessc) Tax on hotels d) Tax on wealthe) All of these

210*. NAV is normally used in respect of schemes floated bya) Banks b) Mutual fundsc) Insurance Companies d) Merchant bankere) None of these

211*. Money Laundering refers toa) Conversion of assets into cashb) Conversion of money which is illegally obtainedc) Conversion of cash into goldd) Conversion of gold into cashe) Money power

K KUNDAN

212. The market value of all final goods and services produced and/Or made with the geographical boundaries of a country in a yearis known as _______a) Gross Domestic Productb) Gross National Savingsc) Gross Fiscal Deficitd) Gross Domestic Capital Formatione) None of these

213*. Organisation of workers in which of the following groups hasproved a very effective way of providing micro finance by banksto the rural people and poor in India ?a) Self Help Groupsb) Vriksha Mitrasc) Shiksha Sevaksd) Accredited Social Health Activist (ASHA)e) Link Workers

214. Almost all Banks in India are running special schemes forproviding banking services to rural poor. This concept ispopularly known as _________.a) Faster Growth b) Trade Finance c) SME Financed) Investment Banking e) Financial Inclusion

215. Which of the following Acts is enacted to help the Union Govt.to manage its budgeted finances and fiscal deficit in a verydisciplined manner?a) The Competition Actb) The Banking Regulation Actc) The Negotiable Instruments Actd) Foreign Exchange Management Acte) Fiscal Responsibility and Budget Management Act

216. Which of the following taxes is not levied by the Governmentof India?a) Income Tax b) Professional Taxc) Excise Duty d) Dividend Distribution Taxe) Capital Gain Tax

217. Which of the following is not a banking related term?a) Discount b) Credit c) Reynolds Numberd) Post Dated Cheque e) Time Deposit

218. Which of the following taxes was levied on the buying/sellingof various commodities on recognised exchanges in India? (It iswithdrawn now).a) Fringe Benefit Tax b) Value Added Taxc) Central Sales Tax d) Securities Transaction Taxe) Commodity Transaction Tax

219. Which of the following is NOT a banking related term ?a) Creditorb) Outstanding amountc) Benchmark Prime Lending Rated) Explicit Guaranteee) Centre Pass

220*. When a bank is financing an “International Business”, it infact, is involved in which of the following?a) Micro Finance b) Retail Banking c) Core Bankingd) Trade Finance e) All of these

K KUNDAN

221. Which of the following schemes/products launched by the banksto provide instant loan facility to the farmers?a) Kisan Credit Card b) Krishi Bima Yojanac) Crop Loan Scheme d) Corporate Loan Schemee) None of these

222. Insurance service provided by various banks is commonly knownas ________.a) Investment Banking b) Risk Managementc) Merchant Banking d) Bancassurancee) Micro Finance

223. The National Commodity and Derivatives Exchange Limited(NCDEX) is located in which of the following cities?a) Mumbai b) Kolkata c) Hyderabadd) Jaipur e) New Delhi

224. Many times we read in financial newspapers about theperformance of the “core sectors” in Economy. Which of thefollowing is NOT included in the core sector of the same?a) Coal b) Auto sector c) Steeld) Cement e) Oil and Petroleum sector

225. “Micro Credit” means _______ .A. Loans of small amounts to people in unorganized sectorB. Loans to Self Help GroupsC. Loans amounting Rs 50 lakhs to Rs 5 crores to Medium and

Small Industrial Unitsa) Only A b) Only B c) Only A and Bd) All A, B and C e) None of these

226. As we all know in India currency market is regulated by theReserve Bank of India (RBI), while “currency futures” are jointlyregulated by the RBI and which of the following other banks?a) NABARD b) SlDBI c) SEBId) State Bank of India e) ICICI Bank

227. As per the news published in various newspapers, the RBI hasgiven its permission for cash withdrawal at “POS terminals”.What is the full form of “POS”?a) Permitted on Sale b) Potential of Servicec) Point of Sale d) Permission of Salee) None of these

228. Which of the following is NOT a banking related term?a) SME Finance b) Overdraft c) Drawing powerd) Sanctioning Authority e) Equinox

229. Bad loans in banking terminology are generally known as _________.a) Prime Loans b) Prime Asset c) BPOsd) CBS e) NPAs

230. Many times we read in newspapers/magazines about the increaseor decrease in tax collection. Which of the following taxes is notincluded in the tax collection levied by the Union Government?a) Property Tax b) Education Cess c) Corporate Taxd) Income Tax e) Fringe Benefit Tax

231. Which of the following is NOT a banking or finance relatedterm?a) Letter of Credit b) Back up Guarantee c) LIBORd) Polymerization e) Factoring Services

K KUNDAN

232. “Navratna Status” is awarded to which of the followingorganisations / units?a) Those IITs/IIMs who are doing good research workb) Defence production units/factories who are showing good profitsc) Any public sector manufacturing unit doing well and earning

good profitsd) A public sector bank rated very high by the RBI in the area of

customer service and recovery of NPAse) None of these

233. An Indian citizen can open a Savings Account in which of thefollowing?a) SIDBI b) RBI c) NABARDd) A Private Sector Bank e) None of these

234. If some people wish to start a banking company in India, theycertainly need a permission of thea) Indian Banks Associationb) Institute of Chartered Accountants in Indiac) Ministry of Financed) Banking Ombudsmane) Reserve Bank of India

235. Basel Norms are related with further strengthening andperformance ofa) Public sector manufacturing unitsb) Banking industryc) Educational institutesd) Hotelse) None of these

236. Many times, we read a term ‘ISO’. What is the full form of the same?a) International Social Organisationb) Insurance and Social Obligationsc) International Space Organisationd) Integrated Security Organisatione) International Standards Organisation

237. Which of the following apex body and regulator has asked banksto swap customer-related information so that the frauds anddefaults may be prevented in future?a) Bombay Stock Exchange (BSE)b) Indian Banks, Association (IBA)c) Securities and Exchange Board of India (SEBI)d) Reserve Bank of India (RBI)e) None of these

238. The SBI has signed an agreement with which of the followingagencies to obtain a guarantee cover to its loans to Micro andSmall Enterprises?a) Export Credit Guarantee Corporationb) Credit Guarantee Trustc) Small Industrial Development Bank of Indiad) Securities and Exchange Board of Indiae) None of these

239. Financial year in banks is a period froma) January to December b) May to Junec) April to March d) January to Aprile) None of these

K KUNDAN

240. The cooperative movement in which of the following fieldshas achieved a great visible success in India?a) Milk production b) Banking sector c) Textile sectord) Cotton production e) None of these

241. The Reserve Bank of India does not print currency notes of thedenomination of Rsa) 20 b) 50 c) 3,000d) 1,000 e) 500

242*. Which of the following is considered as the financial capital ofIndia?a) New Delhi b) Kolkata c) Bangalored) Ahmedabad e) None of these

243. Many times we read in financial newspapers/magazines aboutSystematic Investment Plans (SIPs). SIPs are an investmentoption also operated in the mode of _____a) Mutual Fundsb) Small Savings Schemes in Post Officesc) National Pension Fundd) National Saving Certificatese) None of these

244. Who amongst the following has suggested to the banks in Indiato give details of fund transfers to customers via SMS/E-mails?a) Reserve Bank of India (RBI)b) India Banks Association (IBA)c) Indian Institute of Banking and Financed) Securities and Exchange Board of Indiae) None of these

245. The short term loans given to the farmers are the loans givennormally for a period ofa) three months b) six months c) nine monthsd) one year e) fifteen months

246. India started its five year planning with effect from the yeara) 1955 b) 1951 c) 1960d) 1965 e) 1948

247*. The Head of the Reserve Bank of India is designated as the _____.a) Chief Executive Officer b) Managing Directorc) Chief Banking Officer d) Dy Governore) None of these

248. Which of the following organizations was specially establishedto operate in Gramin areas by design itself?a) Commercial Banks b) Central Financial Institutesc) Private Banks d) Regional Rural Bankse) None of these

249. Which of the following is NOT a part of India’s Money Market?a) Bill Markets b) Call Money Marketc) Banks d) Mutual Fundse) Indian Gold Council

250. Which of the following is/are the measure(s) taken by the ReserveBank of India (RBI) to ease the liquidity crunch in the country?A. Cut in Cash Reserve Ratio and Statutory Liquidity Ratio.B. Increase the flow of foreign direct investment.C. Supply of additional currency notes in the market.a) Onry (A) b) Only (B) c) Only (C)d) All (A), (B) and (C) e) None of these

K KUNDAN

Answers1. c 2. a 3. d 4. d 5. b 6. c7. d 8. d 9. b 10. b 11. c 12. b13. b 14. b 15. e 16. b 17. e 18. a19. a 20. c 21. d 22. e 23. b 24. b25. c 26. b 27. d 28. d 29. b 30. e31. d 32. a 33. d 34. b 35. a 36. c37. c 38. a 39. b 40. e 41. a 42. e43. b 44. e 45. b 46. c 47. b 48. c49. e 50. a 51. b 52. c 53. a 54. a55. c 56. c 57. c 58. a 59. d 60. d61. e 62. c 63. e 64. b 65. b 66. d67. e 68. d 69. a 70. c 71. c 72. d73. b 74. b 75. e 76. a 77. b 78. c79. d 80. e 81. c 82. a 83. a 84. b85. d 86. c 87. b 88. b 89. c 90. e91. d 92. a 93. e 94. e 95. c 96. c97. a 98. a 99. e 100. d 101. c 102. d103. a 104. e 105. c 106. d 107. e 108. c109. e 110. d 111. a 112. c 113. b 114. d115. a 116. b 117. c 118. d 119. b 120. e121. a 122. c 123. d 124. a 125. d 126. a127. a 128. a 129. a 130. b 131. d 132. a133. c 134. a 135. e 136. e 137. a 138. e139. b 140. b 141. e 142. a 143. d 144. a145. b 146. e 147. c 148. d 149. e 150. b151. c 152. c 153. d 154. d 155. c 156. d157. e 158. c 159. c 160. b 161. b 162. a163. a 164. e 165. a 166. c 167. d 168. d169. d 170. b 171. a 172. d 173. a 174. a175. e 176. e 177. d 178. b 179. c 180. a181. e 182. c 183. e 184. a 185. b 186. c187. e 188. e 189. c 190. c 191. d 192. d193. c 194. b 195. d 196. a 197. b 198. e199. a 200. c 201. c 202. d 203. d 204. b205. b 206. e 207. c 208. d 209. e 210. b211. b 212. b 213. a 214. e 215. e 216. b217. c 218. a 219. e 220. d 221. a 222. d223. a 224. b 225. c 226. a 227. c 228. e229. e 230. b 231. d 232. c 233. d 234. e235. b 236. e 237. d 238. b 239. c 240. c241. c 242. e 243. a 244. a 245. d 246. b247. e 248. d 249. e 250. a